NEW YORK - The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.055% high yield, a price of 99.995722.
The coupon equivalent was 0.056%. The bid-to-cover ratio was 4.75.
Tenders at the high rate were allotted 81.44%. The median yield was 0.050%. The low yield was zero.
The bills have an issue date of April 5 and are due May 3.
Tenders totaled $142,567,000,200 and the Treasury accepted $30,000,448,200, including $280,020,100 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.